According to the document disclosed by the Hong Kong Stock Exchange on June 27th, Huang Jianye increased his shareholding on June 24th at an average price of HKD 0.103 per share, with a total value of approximately HKD 128,800 for 1.25 million ordinary shares. After the increase, Huang Jianye's latest shareholding amounted to 1.124 billion shares with a warehouse ratio increasing from 62.21% to 62.28%.$LEGEND UPSTAR (00459.HK)$After purchasing 1.25 million ordinary shares at an average price of HKD 0.103 per share on June 24th, Huang Jianye's latest shareholding increased to 1.124 billion shares, and his warehouse ratio increased from 62.21% to 62.28%.
What is equity disclosure?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the company's shares) must disclose their shareholding in the listed company. Directors and senior executives of the listed company must disclose their shareholding and equity certificate rights in the listed company and any related companies.
Why is equity disclosure important?
Equity disclosure enables investors to identify (1) individuals who control or have the ability to control the shareholding of the listed company and (2) individuals who may benefit from transactions involving entities related to the listed company.